Despite the promotion, fundamentals look good. Its profitable, growing 25%, good balance sheet snd good margins. Mgt did a nice job on the q3 c all. Trading about 1x year ahead revenues and 4x year ahead ebidta. Maybe less than that.
I posted about mill, mill-pc and cpe-pa here. All big winners. Check out petroamerica. Canadien co with oil operations in columbia. Trading at less than 1x cash flow. Trades as pta.v in canada or ptaxf on pink sheets. Posted the ent value / cash flow calc on pta.v board.
Petroamerica was added as the top pick in the panick report a couple weeks ago at 30 cents. Its a canadien oil with operations in canada. Trading at less than 1x cash flow. Trades as pta.v in canada or ptaxf on the pink sheets. Posted the enterprise value / cash flow calc on pta.v board. Mill is a good value, but this is much cheaper.
If anyone is aware of another profitable, growing microcap equity with a good balance trading at less than 1X 2014 cash flow - please post the name. Heck, even finding a company with a declining business and a leveraged balance sheet trading at less than 2X cash flow would be extremely rare.
If you find a nice profitable growth company with a good balance sheet trading at 4X or 5X cash flow, that's known as a value stock. Find a company trading at an enterprise value of 3X cash flow and that's known as a deep value stock. Usually there are problems such as a bad balance sheet, problems with management or a declining business.
So what do you call a company like Petroamerica trading at less than 1X cash flow, with a great balance sheet, a stable business and rapid growth? I'd call it a "unicorn". Unicorns are not supposed to exist and its tough to believe that Petroamerica will continue trading at the current valuation for that much longer either.
Current production is over 6,300 bold as per the earnings report. They are netting about $77 / barrel at current prices. $77 * 6,300 * 365 = $177 mil. That assumes production is flat going forward and the company is guiding for large increases. The current market cap is 200 mil. Cash of 77 mil exceeds debt of 35 mil by 44mil. That puts the enterprise value at 200 - 44 = 156 mil. So enterprise value / cash flow = 156 mil / 177 mil assuming flat production and prices which is less than 1X!
If you invest in undervalued microcap issues such as these, I cover them in the Panick Value Research Report including email alerts and Excel models. DORLP is currently a Panick 10 pick. Other picks include SSRAP, FBS-PA, HGUBP, CPE-PA and others. Also some coverage of undervalued microcap equities. My yahoo mail is mrpanick for a sample copy and more info. Excel models let you compare IRR for DRL preferred issues using different dividend assumption and / or exchange offer scenarios.
If you like undervalued thinly traded microcap issues like DORLL, I cover them in the Panick Value Research Report including email trading alerts. Also some coverage of undervalued microcaps. My yahoo mail is mrpanick for a sample copy.
If you like this type of undervalued microcap high yield issue, check out the Panick Value Research Report for coverage of SSRAP. includes email alerts and Excel models such as a yield to maturity comparison of SSRAP and the bond market bonds. Also some undervalued microcap equity picks. My yahoo mail is mrpanick for sample copy.
The Dec dividend will include the extra days for Nov. Record date is the 15th. Same schedule as GST-PA. If you like high yield issues such as GST-PB, my newsletter and email alerts cover the sector including the "Panick 10" list of the best 10 microcap high yield plays. Also some coverage of undervalued equities. My yahoo mail is mrpanick for sample issue and more info.
If I was an investment banker, I'd probably want to see Q4 results first. Tough to make a deal until you really know for sure how much additional capital is going to be required to resolve the consent order.
Exactly. I think that BPZ's production is going to be a lot higher a year from now than it is today - thank to PR. BPZ mgt can take a long coffee break at this point and production is still going to be ramping up.
Bull market, more capital, management and higher investor confidence. Also rules changed so that govt regs were relaxed. Also they are building a reputation so more companies come to them.
I'm a recent investor with an average costs of just over $2, so I can't speak to their 10 year record - although agree with you it's mediocre. Block z-1 is where they are actually doing production drilling and Paicifc Rubiales is doing that. Yes, I suppose BPZ could screw up the exploratory drilling in the other blocks, but what happens with Pacific Rubiales over the next year is what counts for the stock price. Pacific Rubiales has a fantastic track record and I don't think they paid big bucks for a 49% interest to waste their time and money.
Pacific Rubiales is the operator for block Z-1. They are a leading driller and very successful company. Look at the filings. They bought a 49% interest and are also carrying some drilling costs for BPZ.
Yes, but still way behind the Obummer lie meter. Assuming the liar-in-chief has given 1,000 speeches since he took office and averaged about 100 lies a speech that would put President Pinocchio at around 100,000. I'd support adding Obummer to Mt. Rushmore as long as he was carved with a 200 foot nose.
Yes of course Apollo can issue waivers. They collect their fees and allow Mill to do what's in the best interest of Mill and Apollo. Of course they don't need a waiver to issue more pref-d stock.